Lucid is launching the Gravity SUV near the end of 2024, which will likely boost sales in 2025.
The Vietnamese automaker saw huge order demand for its new low-cost SUV.
Lucid had a moment as a "meme stock" a few years back, and it briefly revisited that moment with a surge earlier this week. But the revival is already fading.
Lucid's Q1 report showed that the company is making progress. It also reminded us that big growth is still a long way off.
Shares of former meme-stock darlings Lucid, Nikola, and QuantumScape are all taking off again. Here's the real story.
There are reasons to buy Lucid's stock, but the Biden administration's plan to hike China EV tariffs probably isn't one of them.
China has only a toehold in the U.S. electric vehicle market, and this toe may now get squashed.
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While both Rivian and Lucid Motors went public in 2021, they have since pursued different strategic paths - and the divergence grew even starker following their Q1 2024 earnings releases.
Lucid says it is on track to launch a new SUV later this year.
Lucid Group's Q1 2024 earnings report shows the company’s path to profitability while demonstrating strong growth potential.